Category: Residential mortgages
The average price of property coming to market this month has increased by 1.8%, £5,767, to 333,564.
Average house prices increased by 11.7% across England and Wales in the year to April 2021, according to e.surv Chartered Surveyors’ House Price Index.
Its 75% LTV product is now available at 0.75%, and its 70% LTV product is offered at 0.70%.
Metro Bank has increased its income multiple up to 5.5 times annual earnings, subject to an affordability assessment.
Perhaps the biggest retail casualty has been Debenhams, which has already liquidated 52 stores with the remaining 45 to close by 15 May.
The figure rises to 76% among 18 to 34-year-olds, according to research from LifeSearch.
House prices rose by 8.2% in the year to April 2021, according to the Halifax house price index.
The current tax holiday triggered a 7% rise in house prices between June 2020 and February 2021, adding £17,265 to the price of the average home in England.
The product will now include any newly built property purchased directly from the builder or developer with an energy efficiency rating of 81 or higher, or an energy efficiency band A or B.
Alice Watson, head of marketing, insurance, said: “We’re pleased to announce a series of changes to our Capital Select Options, one of our lifetime mortgage product ranges.”